Chesterton Tribune

 

 

Steel imports up in April

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The American Iron and Steel Institute is reporting that steel import permit applications in April totaled 2,894,000 net tons (NT), a 3.6-percent increase over the permit tons recorded in March and a 27.4-percent increase over the final imports total in March.

Import permit tonnage for finished steel in April was 1,983,000, up 6.6 percent over the final imports total in March.

For the first four months of 2019 total and finished steel imports were 11,079,000 NT and 8,039,000 NT, down 11.1 percent and 17.2 percent respectively from the year-ago period.

The estimated finished steel import market share in April was 21 percent and is 21 percent in the year-to-date.

Finished steel imports with significant month-over-month increases in April included standard rails (up 223 percent); sheets and strip electrolytic galvanized (up 153 percent); wire rods (up 80 percent); black plate (up 70 percent); cut lengths plates (up 49 percent); sheets and strip hot dipped galvanized (up 18 percent); hot rolled bars (up 16 percent); and hot rolled sheets (up 12 percent).

Products with significant year-over-year increases included line pipe (up 21 percent); and wire rod (up 13 percent).

In April, the largest finished steel import permit applications for offshore countries were for South Korea (234,000 NT, up 35 percent from March final); Japan (160,000 NT, up 61 percent); Germany (141,000 NT, up 50 percent); Brazil (68,000 NT, up 403 percent); and Taiwan (63,000 NT, down 43 percent).

Through the first four months of 2019, the largest offshore suppliers were South Korea (956,000 NT, down 33 period from the year-ago); Japan (489,000 NT, down 1 percent); and Germany (450,000 NT, up 10 percent).

 

Posted 5/16/2019

 
 
 
 

 

 

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